Ets ROBERT - BRAIVE
ActiveSummary
Ets ROBERT - BRAIVE has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €522k and a net result of €67k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-8
Solvency97▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 13.02 in 2024; short-term debt: 28.1% and cash: 44% of total assets), and 28.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.9%
Return on assets
9.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
126 d early
2023
28 d early
2022
17 d early
2021
38 d early
2020
87 d early
2019
95 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€522k▼ 16.2%
2024 · €623k
2018: €362k
2019: €283k▼ -21.7% vs 2018lowest in 8 years
2020: €335k▲ +18.3% vs 2019
2021: €380k▲ +13.6% vs 2020
2022: €447k▲ +17.4% vs 2021
2023: €533k▲ +19.2% vs 2022
2024: €623k▲ +16.9% vs 2023highest in 8 years
2025: €522k▼ -16.2% vs 2024
2018 → 2025
Total assets
€725k▲ 7.8%
2024 · €673k
2018: €406klowest in 8 years
2019: €444k▲ +9.4% vs 2018
2020: €409k▼ -7.8% vs 2019
2021: €449k▲ +9.6% vs 2020
2022: €524k▲ +16.8% vs 2021
2023: €583k▲ +11.2% vs 2022
2024: €673k▲ +15.5% vs 2023
2025: €725k▲ +7.8% vs 2024highest in 8 years
2018 → 2025
Net result
€67k▼ 33.9%
2024 · €101k
2018: €30k
2019: €11k▼ -62.0% vs 2018lowest in 8 years
2020: €52k▲ +354% vs 2019
2021: €45k▼ -12.2% vs 2020
2022: €71k▲ +55.6% vs 2021
2023: €101k▲ +42.7% vs 2022
2024: €101k▲ +0.4% vs 2023highest in 8 years
2025: €67k▼ -33.9% vs 2024
2018 → 2025
Working capital
€509k▼ 15.8%
2024 · €605k
2018: €357k
2019: €278k▼ -21.9% vs 2018lowest in 8 years
2020: €327k▲ +17.4% vs 2019
2021: €333k▲ +2.0% vs 2020
2022: €411k▲ +23.3% vs 2021
2023: €503k▲ +22.3% vs 2022
2024: €605k▲ +20.3% vs 2023highest in 8 years
2025: €509k▼ -15.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€380k-€447k▲ 17.4%€533k▲ 19.2%€623k▲ 16.9%€522k▼ 16.2%
2021: €380klowest in 5 years
2022: €447k▲ +17.4% vs 2021
2023: €533k▲ +19.2% vs 2022
2024: €623k▲ +16.9% vs 2023highest in 5 years
2025: €522k▼ -16.2% vs 2024
Operating result€60k-€111k▲ 85.6%€149k▲ 35.1%€147k▼ 1.3%€91k▼ 38.5%
2021: €60klowest in 5 years
2022: €111k▲ +85.6% vs 2021
2023: €149k▲ +35.1% vs 2022highest in 5 years
2024: €147k▼ -1.3% vs 2023
2025: €91k▼ -38.5% vs 2024
Net result€45k-€71k▲ 55.6%€101k▲ 42.7%€101k▲ 0.4%€67k▼ 33.9%
2021: €45klowest in 5 years
2022: €71k▲ +55.6% vs 2021
2023: €101k▲ +42.7% vs 2022
2024: €101k▲ +0.4% vs 2023highest in 5 years
2025: €67k▼ -33.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725k
Fixed assets
€12k ▼ 31.8%
Current assets
€713k ▲ 8.9%
Equity and liabilities €725k
Equity
€522k ▼ 16.2%
Debt
€204k ▲ 306%
Debt's share of the balance-sheet total rises from 7.5% to 28.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€100k▼
2024 · €160k
Cash flow
€76k▼
2024 · €113k
Current ratio
3.50▼
2024 · 13.02
Quick ratio
3.37▼
2024 · 12.56
Debt to equity
0.39▲
2024 · 0.08
ROE
12.8%▼
2024 · 16.3%
ROA
9.2%▼
2024 · 15.1%
Interest coverage
45.59▼
2024 · 74.05
Debt ≤ 1 year
€204k▲
2024 · €50k
Income taxes
€27k▼
2024 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€673k€725k▲
Fixed assets21/28€18k€12k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€16k€11k▼
Plant, machinery and equipment23€10k€11k▲
Furniture and vehicles24€5k-
Current assets29/58€655k€713k▲
Amounts receivable after more than one year29-€153k
Other amounts receivable291-€153k
Stocks and contracts in progress3€23k€25k▲
Stocks30/36€23k€25k▲
Amounts receivable within one year40/41€198k€127k▼
Trade receivables40€144k€103k▼
Other amounts receivable41€54k€24k▼
Cash at bank and in hand54/58€380k€319k▼
Deferred charges and accrued income490/1€53k€89k▲
Equity and liabilities
Total equity and liabilities10/49€673k€725k▲
Equity10/15€623k€522k▼
Contributions10/11€12k€12k=
Reserves13€375k€274k▼
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€370k€269k▼
Profit (loss) carried forward14€235k€235k=
Amounts payable17/49€50k€204k▲
Amounts payable within one year42/48€50k€204k▲
Trade debts44€11k€9k▼
Suppliers440/4€11k€9k▼
Taxes, remuneration and social security45€26k€25k▼
Taxes450/3€23k€22k▼
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€14k€170k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€163k€101k▼
Operating profit (loss)9901€147k€91k▼
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€148k€94k▼
Income taxes67/77€47k€27k▼
Profit (loss) for the period9904€101k€67k▼
Profit (loss) for the period to be appropriated9905€101k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€337k€303k▼
Profit (loss) brought forward from the previous period14P€235k€235k=
Transfer from equity791/2€11k€168k▲
Transfer to equity691/2€101k€67k▼
To other reserves6921€101k€67k▼
Profit to be distributed694/7€11k€168k▲
Return on contributions (dividend)694€11k€168k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26k | €52k | €3k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €12k | €12k | €12k | €9k | ▼ 26.6% |
| Other operating charges640/8 | €2k | €4k | €4k | €3k | €2k | ▼ 49.5% |
| Gross operating margin9900 | €95k | €178k | €168k | €163k | €101k | ▼ 37.9% |
| Operating profit (loss)9901 | €60k | €111k | €149k | €147k | €91k | ▼ 38.5% |
| Financial income75/76B | €21 | €45 | €5 | €3k | €6k | ▲ 100% |
| Recurring financial income75 | €21 | €45 | €5 | €3k | €6k | ▲ 100% |
| Financial charges65/66B | €397 | €493 | €299 | €2k | €2k | ▲ 1.3% |
| Recurring financial charges65 | €397 | €493 | €299 | €2k | €2k | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €59k | €110k | €149k | €148k | €94k | ▼ 36.5% |
| Income taxes67/77 | €14k | €39k | €48k | €47k | €27k | ▼ 42.1% |
| Profit (loss) for the period9904 | €45k | €71k | €101k | €101k | €67k | ▼ 33.9% |
| Profit (loss) for the period to be appropriated9905 | €45k | €71k | €101k | €101k | €67k | ▼ 33.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €449k | €524k | €583k | €673k | €725k | ▲ 7.8% |
| Fixed assets21/28 | €47k | €37k | €30k | €18k | €12k | ▼ 31.8% |
| Intangible fixed assets21 | - | - | €3k | €2k | €2k | ▼ 28.6% |
| Tangible fixed assets22/27 | €47k | €37k | €27k | €16k | €11k | ▼ 32.4% |
| Plant, machinery and equipment23 | €16k | €14k | €13k | €10k | €11k | ▲ 1.9% |
| Furniture and vehicles24 | €32k | €23k | €14k | €5k | - | - |
| Current assets29/58 | €401k | €487k | €553k | €655k | €713k | ▲ 8.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €153k | - |
| Other amounts receivable291 | - | - | - | - | €153k | - |
| Stocks and contracts in progress3 | €18k | €21k | €21k | €23k | €25k | ▲ 7.7% |
| Stocks30/36 | €18k | €21k | €21k | €23k | €25k | ▲ 7.7% |
| Amounts receivable within one year40/41 | €67k | €114k | €79k | €198k | €127k | ▼ 36.0% |
| Trade receivables40 | €36k | €77k | €39k | €144k | €103k | ▼ 28.4% |
| Other amounts receivable41 | €30k | €37k | €40k | €54k | €24k | ▼ 56.1% |
| Cash at bank and in hand54/58 | €253k | €260k | €380k | €380k | €319k | ▼ 16.0% |
| Deferred charges and accrued income490/1 | €63k | €92k | €72k | €53k | €89k | ▲ 66.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €449k | €524k | €583k | €673k | €725k | ▲ 7.8% |
| Equity10/15 | €380k | €447k | €533k | €623k | €522k | ▼ 16.2% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €133k | €199k | €285k | €375k | €274k | ▼ 27.0% |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | €128k | €195k | €280k | €370k | €269k | ▼ 27.3% |
| Profit (loss) carried forward14 | €235k | €235k | €235k | €235k | €235k | = |
| Amounts payable17/49 | €68k | €77k | €50k | €50k | €204k | ▲ 306% |
| Amounts payable within one year42/48 | €68k | €76k | €50k | €50k | €204k | ▲ 306% |
| Trade debts44 | €32k | €32k | €12k | €11k | €9k | ▼ 14.1% |
| Suppliers440/4 | €32k | €32k | €12k | €11k | €9k | ▼ 14.1% |
| Taxes, remuneration and social security45 | €32k | €35k | €23k | €26k | €25k | ▼ 2.9% |
| Taxes450/3 | €21k | €17k | €19k | €23k | €22k | ▼ 3.6% |
| Remuneration and social security454/9 | €11k | €18k | €4k | €4k | €4k | ▲ 1.4% |
| Other amounts payable47/48 | €4k | €10k | €16k | €14k | €170k | ▲ 1,149% |
| Accrued charges and deferred income492/3 | €224 | €1k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €71k | €101k | €101k | €67k | ▼ 33.9% |
| + Depreciation and write-downs630 | €7k | €12k | €12k | €12k | €9k | ▼ 26.6% |
| Operating cash flow (approximation) | €52k | €83k | €113k | €113k | €76k | ▼ 33.1% |
| Investment in fixed assets (approximation) | - | €-2k | €-5k | €0 | €-3k | - |
| Change in cash | - | €8k | €120k | €-480 | €-61k | ▼ 12,574% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €101k ▲0.4%
Net result €101k, the highest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €533k ▲19.2%
6 profitable years in a row build equity to €533k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €11k ▼62%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1980
Ground area
162 m²
Building footprint
146 m²
Volume, LiDAR
2,502 m³
Parcel 62803B0157/00B005, Wallonia · tallest building 19.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Rue Darchis 27, 4000 Liège
since 19802.109.545.805
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803B0157/00B005 | Wallonia | 162 m² | 1 · 146 m² | 19.4 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
648832APIWWG15528Z59
Similar companies · same sector, comparable size
V.P.S. BELGIUM, VINS DE PROPRIETES SELECTIONNEES
BE 0417.118.707
Schaarbeek · Eq €522,290
DELICHAM
BE 0863.881.604
Waregem · Eq €520,063
Drinks Supply
BE 0753.924.778
Bornem · Eq €519,640
INCEPTION
BE 0566.927.683
Dilsen-Stokkem · Eq €518,254
Swinnen-Vrinssen
BE 0821.548.131
Hechtel-Eksel · Eq €516,206
Of 1,580 companies in sector 46349 we hold annual accounts for 987. 671 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-1980
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
Scores and ratios are computed by Checked and are not a credit decision.